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May 29, 2015
05/15
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the cap toronto is down 3.4%, as is the frankfurt dax. a.b. foods on the index was the best performer, with shares of almost 2.5%. competition in the virtual reality were market heated up thursday. google announced it is teaming up with gopro, the maker of the small but heavy-duty digital video cameras. their strategy is to offer a supercheap solution to amateurs and professionals to break into an arena where the technology has been historically expensive and scarce. just the latest newcomers in vr. facebook and oculus have been busy as well. >> it is a partnership to bring virtual reality to the mass market. gopro is developing a tripod with a circle of 16 outward facing cameras. once it has been uploaded to the cloud, amateur filmmakers and professionals will use google to piece together the images into a 3-d film. earlier this year, the internet giant marched a cardboard headset for $25. viewers simply insert their smartphones and watch. >> one of the biggest hurdles folks have to cause -- have to cross with virtual reality is, how do i cre
the cap toronto is down 3.4%, as is the frankfurt dax. a.b. foods on the index was the best performer, with shares of almost 2.5%. competition in the virtual reality were market heated up thursday. google announced it is teaming up with gopro, the maker of the small but heavy-duty digital video cameras. their strategy is to offer a supercheap solution to amateurs and professionals to break into an arena where the technology has been historically expensive and scarce. just the latest newcomers...
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May 29, 2015
05/15
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host: tom is in frankfurt kentucky. caller: good morning, gentlemen. my comments and questions are about quantity and pricing. a couple years ago, you got 64 ounces and a half gallon of ice cream for $1.79. today, you get 48 ounces and half-gallon of ice cream for $3.99. what is driving this reduction in quantity and increase in price? why isn't something done about this? and incidentally, on the imported food from foreign countries, and the inspection thereof, why do we take some of this foreign aid money and put it towards the inspection of our food coming into this country to protect the people in america? thank you. host: mr. williams. guest: well, certainly, i think food prices are generally reasonable in this country. to the extent they do increase a lot of people tend to think that we have a regulation and that regulation causes the crops to go up, the food industry pays for it. absolutely not true. those costs are virtually always passed on, either in the form of reduced wages for workers or higher prices for consumers. if you are for regulatio
host: tom is in frankfurt kentucky. caller: good morning, gentlemen. my comments and questions are about quantity and pricing. a couple years ago, you got 64 ounces and a half gallon of ice cream for $1.79. today, you get 48 ounces and half-gallon of ice cream for $3.99. what is driving this reduction in quantity and increase in price? why isn't something done about this? and incidentally, on the imported food from foreign countries, and the inspection thereof, why do we take some of this...
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May 29, 2015
05/15
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altera up 7.8% in frankfurt. switching to health care french cancer drug maker cellectis is in talks with several suitors including including pfizer. they're valuing it at $1.6 billion. they already known a 9.5% stake in the company. now separately the fda approved a pfizer drug to treat a rare form of lung disease. taking a look at how shares are trading, pfizer flat. cellectis a big mover in france seeing a move to the upside. coming up on worldwide exchange a few bad apples sepp blatter says it's only individuals that are corrupt and not the whole organization. the latest is coming up. don't go away. >>> welcome back. fifa president opened day two of the congress by calling for unity ahead of a presidential vote. wednesday's arrest has caused a storm but they have the power and duty to change the face of fifa. the question is wilfred frost, can they change the face of fifa if sepp blatter remains president? >> well, seema, it's exactly the question that everyone is asking. i'll just go straight into a quote th
altera up 7.8% in frankfurt. switching to health care french cancer drug maker cellectis is in talks with several suitors including including pfizer. they're valuing it at $1.6 billion. they already known a 9.5% stake in the company. now separately the fda approved a pfizer drug to treat a rare form of lung disease. taking a look at how shares are trading, pfizer flat. cellectis a big mover in france seeing a move to the upside. coming up on worldwide exchange a few bad apples sepp blatter says...
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May 28, 2015
05/15
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BLOOMBERG
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so i'm based in frankfurt not all that far from adidas headquarters. it has a long history tied up with world cup soccer, which is the premier product of fifa. they go back decades with the world cup. it is tied into their identity. they have a ceo who used to be an amateur soccer player involved in professional soccer. they tie their identity with performance and soccer shoes. they need this exposure. at the same time, for years, they have been allegations swirling around fifa. you've seen the sponsors, led by adidas, look the other way. now you're seeing some tougher rhetoric. it is a tough quandary for these companies. they cannot afford to have their brand tainted by this. at the same time, there is a lot at stake. brendan: you have done a survey of what fifa's partners have said. where is the toughest rhetoric coming from among those seven partners? aaron: we have seen visa come out pretty strongly overnight. visa, the credit card company has been a longtime top sponsor of the world cup. they expressed profound disappointment. but i think almost t
so i'm based in frankfurt not all that far from adidas headquarters. it has a long history tied up with world cup soccer, which is the premier product of fifa. they go back decades with the world cup. it is tied into their identity. they have a ceo who used to be an amateur soccer player involved in professional soccer. they tie their identity with performance and soccer shoes. they need this exposure. at the same time, for years, they have been allegations swirling around fifa. you've seen the...
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May 28, 2015
05/15
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CNBC
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you can see price action in frankfurt. costco's third quarter profit jumped 9% on a jump in store traffic. but excluding gas prices and impact of foreign currencies same store sales rose 6% overall and 5% in the u.s. looking at shares trading around 7% below the all time high slightly higher in today's trade. in frankfurt up 1%. the scandal that has rocked the world of soccer. we bring you the latest from zurich after this sort break. we're back in two minutes. more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or movement. because it's so challenging a research project is teaching ibm watson to see. in the future, it could help clinicians spot key patterns quickly and precisely. ibm watson is working to make healthcare smarter every day. >>> and these are your headlines. deal or no deal. futures point lower as optimism on greek debt talks fade as shanghai stocks sell off. bank of japa
you can see price action in frankfurt. costco's third quarter profit jumped 9% on a jump in store traffic. but excluding gas prices and impact of foreign currencies same store sales rose 6% overall and 5% in the u.s. looking at shares trading around 7% below the all time high slightly higher in today's trade. in frankfurt up 1%. the scandal that has rocked the world of soccer. we bring you the latest from zurich after this sort break. we're back in two minutes. more and more, data is visual. in...
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May 27, 2015
05/15
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twitter shares at 33.64 up in frankfurt. now the federal trade commission approved the $27 billion deal to buy lorillard combining the second and third largest u.s. cigarette makers. they'll have the second largest market share. it's contingent on selling kool winston, salem and maverick. reynolds, lorillard and imperil mixed session with impirial up. >> despite a small drop in pe backed buyouts during the first quarter over last year the actual value of deals increased 14% globally. north america has been particularly strong with an 86% rise with the value of buyout deals according to industry research firm. joining us now is christopher, head of private equity products thank you for joining us. what's driving this deal activity? >> so if you take private equity as a whole it's been a picture of stabilization since the financial crisis what has actually happened is overtime when you go back to the financial crisises of 2008 fund managers sat on investments as market conditions crashed before they could realize and what we h
twitter shares at 33.64 up in frankfurt. now the federal trade commission approved the $27 billion deal to buy lorillard combining the second and third largest u.s. cigarette makers. they'll have the second largest market share. it's contingent on selling kool winston, salem and maverick. reynolds, lorillard and imperil mixed session with impirial up. >> despite a small drop in pe backed buyouts during the first quarter over last year the actual value of deals increased 14% globally....
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May 26, 2015
05/15
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shares are up 2.2% in frankfurt today. coming up on worldwide exchange the battle to take back ramadi continues. could more weapons from the u.s. get the swrob donejob done? we'll get the view from saudi arabia after this short break. >>> welcome back. twitter is reportedly in talks to buy flip board the social media magazine app for more than $1 billion and the fed's stanley fisher says too much weight is being put on the timing of a rate hike. 12 people are missing in texas after the holiday home they were staying in was swept away by flood waters in the small tourist town at least 2,000 had to evacuate their homes following tornadoes that caused major flooding in the area. 250 to 400 homes were destroyed in the town. the weather forced safety precautions and travel restrictions throughout the region. fans at the houston rocket's playoff game were asked to remain in the arena following the victory. dwight howard was also stranded and remained on the court in solidarity with the fans. at least ten people were killed in th
shares are up 2.2% in frankfurt today. coming up on worldwide exchange the battle to take back ramadi continues. could more weapons from the u.s. get the swrob donejob done? we'll get the view from saudi arabia after this short break. >>> welcome back. twitter is reportedly in talks to buy flip board the social media magazine app for more than $1 billion and the fed's stanley fisher says too much weight is being put on the timing of a rate hike. 12 people are missing in texas after the...
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May 25, 2015
05/15
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generally, it is a quiet day because london and frankfurt are closed, but these are the pictures on the other borders. italy milan and madrid, also trading day, the markets in madrid also reacting to the news of those local election results. you can see the madrid is over 2% in trading. this panic was sparked by comments from greece's interior minister, saying the government would be unable to pay the 1.6 billion euros it owes to the international monetary fund in june. they'll keep paying their creditors for as long as they can, but no guarantee of how long that will last. >> it's the clear of the sign yet that greece is out of cash. >> this money will not be given. it isn't there to be given. this is known and we are talking on the basis of the optimism that we have, cautious optimism but optimism nonetheless, but there will be a strong agreement that will allow the country to breathe once again. >> for the past four months now, greece has been stuck in negotiations with its creditors to release 7.2 billion euros, money the country desperately needs to pay $1.6 billion worth of loans
generally, it is a quiet day because london and frankfurt are closed, but these are the pictures on the other borders. italy milan and madrid, also trading day, the markets in madrid also reacting to the news of those local election results. you can see the madrid is over 2% in trading. this panic was sparked by comments from greece's interior minister, saying the government would be unable to pay the 1.6 billion euros it owes to the international monetary fund in june. they'll keep paying...
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May 25, 2015
05/15
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. >> and aneta has returned from frankfurt is life for us now. >> thank you very much. that issue whether the ecb and central banks actually have a mandate into advising governments everywhere in the world was one of the big topics during various debates but it was rebuffed by all of these major central bankers, stanley fisher mario draghi and mr. kuroda from the bank of japan and they are all saying they should voice their opinions when it comes to governments. there's only so much you can do as a central bank. essentially what mr. draghi is saying they do their utmost to enable growth but that is what they can do. if the situation were to worsen they could do even more he said at one panel discussion but so far the monetary policy stance is quite clear. of course, we had someone saying they are planning on front loading qe for some market participants. there was a clear sign that the ecb is planning on flattening the yield curve or managing the yield curve and that was also my biggest question to one of the most senior ecb watch dogs who is also one of the wise men he
. >> and aneta has returned from frankfurt is life for us now. >> thank you very much. that issue whether the ecb and central banks actually have a mandate into advising governments everywhere in the world was one of the big topics during various debates but it was rebuffed by all of these major central bankers, stanley fisher mario draghi and mr. kuroda from the bank of japan and they are all saying they should voice their opinions when it comes to governments. there's only so much...
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May 22, 2015
05/15
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up about three quarters of a percent in frankfurt. keep in mind meg whitman will be on squawk on the street at 9:00 a.m. eastern. >> still coming up on the show stop relying on the fed. the ceo of us steel says why policy makers need a new plan for growth. that's coming up on worldwide exchange. >>> the global medals and mining industry gathered here in london last night for the annual platts metals award. karen caught up with the winner of the ceo of the year award. u.s. steal's chief and asked about his outlook for the u.s. economy. >> it's a give and take it seems every day. you look at automotive for example, very strong. you look at housing, seems like it's beginning to recover. the industry is way down for the producers of goods for that environment but jobs have not gone up very much in the wages in general have not recovered very much and i think a significant reason for that is that we're not getting the proper policies that foster growth because growth is the element that resolve all the major issues today. >> investors are
up about three quarters of a percent in frankfurt. keep in mind meg whitman will be on squawk on the street at 9:00 a.m. eastern. >> still coming up on the show stop relying on the fed. the ceo of us steel says why policy makers need a new plan for growth. that's coming up on worldwide exchange. >>> the global medals and mining industry gathered here in london last night for the annual platts metals award. karen caught up with the winner of the ceo of the year award. u.s. steal's...
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May 21, 2015
05/15
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the main topic at the agm today in frankfurt. olivia: initially, they were certain pitching equals ceos but after today's reshuffle it clearly looks like the ceo has carried control of deutsche bank. why is on to gain -- why are they assuming the strategy in the right move, in your opinion? ingo: the power increased last night -- jain's power increased last night and they will be a new management or new man in the lead as division department of the company for private line. in addition, mr. jain is clearly a change compared to past years where you have two ceos and co-ceos. mr. fitchen did not get new ambitious task for the future. on one hand, more tasks to mr. jain and also more pressure on mr. jain to deliver because the time is over now. erik: your company has funds amount dutch of bank -- amounts of -- and deutsche bank. do they have you support? ingo: our approach is to say to the board members who knows all the details. it is not the question of the system from a shareholder point of view to dismiss management. erik: i und
the main topic at the agm today in frankfurt. olivia: initially, they were certain pitching equals ceos but after today's reshuffle it clearly looks like the ceo has carried control of deutsche bank. why is on to gain -- why are they assuming the strategy in the right move, in your opinion? ingo: the power increased last night -- jain's power increased last night and they will be a new management or new man in the lead as division department of the company for private line. in addition, mr....
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May 21, 2015
05/15
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we need to go to frankfurt germany. it is spin city. deutsche bank massages their message. 20% of shareholders not impressed. management in panic. hans the goals is collected and knows effective delivery when he sees it. the focus on bodies and and bodies out. is this a bank in panic mode? hans: it's a preemptory move. gives more power. he may want to bring some coax to the meeting. he could buy everyone some coke and called things down a low of it. what we have is criticism and a status quo continuing. brendan: how did we learn about the co-ceo structure and how it is working out? hans: they say -- tom: they have run out of time. were they going to do. what is the to do? we do not know the answer. hans: we do not know the answer to that. will they have to do it right and raise more capital? some shareholders are concerned. we do not have the answer. brendan: they just raised a .5 billion euros in the market. walk me through the parts that work and the parts that do not. hans: last quarter, they had a good quarter when you talk about th
we need to go to frankfurt germany. it is spin city. deutsche bank massages their message. 20% of shareholders not impressed. management in panic. hans the goals is collected and knows effective delivery when he sees it. the focus on bodies and and bodies out. is this a bank in panic mode? hans: it's a preemptory move. gives more power. he may want to bring some coax to the meeting. he could buy everyone some coke and called things down a low of it. what we have is criticism and a status quo...
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May 21, 2015
05/15
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the annual meeting is taking place in frankfurt. ahead of the meeting, the bank announced they will have direct oversight over the company's new strategy. hans nichols is there. jain has been talking this morning and acknowledged things haven't exactly gone to plan. hans: he talked about legacy litigation costing more than expected and taking time to wind down. he also talked about cost savings, cost cutting being a little more difficult an challenging. the strategy review they announced at the end of april they talked about cutting some 3.5 billion euros. they have not given specifics yet. that is on top of the previous cost-cutting strategies. so some more questions there. once we get investors start asking questions, making their speeches, we'll have a better sense of whether or not they are really under pressure. more about the strategy less about the actual management, the actual personnel though. jain appears to have solidified a little bit of control and power. this appears to be his thing heading forward. guy? guy: walk us t
the annual meeting is taking place in frankfurt. ahead of the meeting, the bank announced they will have direct oversight over the company's new strategy. hans nichols is there. jain has been talking this morning and acknowledged things haven't exactly gone to plan. hans: he talked about legacy litigation costing more than expected and taking time to wind down. he also talked about cost savings, cost cutting being a little more difficult an challenging. the strategy review they announced at the...
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May 21, 2015
05/15
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a stormy shareholder meeting for deutsche bank in frankfurt. the return on equity was not satisfactory and suggested that more cost cuts would be needed. >> we are not satisfied with the cost savings we have delivered. >> this would be the top priority on the agenda in the next few years. the result is that returns to you, our shareholders, are not been what we aimed for. we have made progress. but our work is not complete. total shareholder return since we took office is positive in absolute terms but not satisfactory relative to other german companies or other banks. >> let's have a look at the share price. shares are flat in today's trading session but since they announced that big strategy overhaul earlier this year share versus fallen 6% versus the banking index in europe which is pretty much flat. that tells you a lot. it tells you that the market isn't believing that strategy overhaul. 3.5 billion in cost savings is what they want by 2020. they don't have the best track record when it comes to cost savings. return of 10% hastlast year an
a stormy shareholder meeting for deutsche bank in frankfurt. the return on equity was not satisfactory and suggested that more cost cuts would be needed. >> we are not satisfied with the cost savings we have delivered. >> this would be the top priority on the agenda in the next few years. the result is that returns to you, our shareholders, are not been what we aimed for. we have made progress. but our work is not complete. total shareholder return since we took office is positive...
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May 21, 2015
05/15
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the latest from frankfurt. china's manufacturing output slips to a 13 month low. we have the eurozone pmi data breaking now. you'll will be those numbers in just a moment. francinee: i am in paris and we will be speaking to a lot of ceos and different busine
the latest from frankfurt. china's manufacturing output slips to a 13 month low. we have the eurozone pmi data breaking now. you'll will be those numbers in just a moment. francinee: i am in paris and we will be speaking to a lot of ceos and different busine
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May 21, 2015
05/15
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it doesn't quite seem frankfurt for me but you may know a different side of frankfurt than i do. manus: they don't do hoedown's like they used to anymore. let's talk about this group of institutional investors. they want something different, who are they, what do they want and how loud and vocal will they be? hans: the ones that are opposed will be vocal and loud. here is a statement that hermes -- they control 5%. here is a statement put out late last night with this negative vote against the board. we vote formally to express our strong concerns about a range of issues and our lack of confidence in the management board. that is hans christoph. they join isf, we don't know what percentage they will be at. shareholders meetings here in germany typically go a long time and most of the questions technically need to be answered and eventually we will have a vote and see how it comes down. manus what will be speaking to the very group. you do not want to miss that interview. what are his objections to the current program and leadership at deutsche bank and a girl federal reserve offi
it doesn't quite seem frankfurt for me but you may know a different side of frankfurt than i do. manus: they don't do hoedown's like they used to anymore. let's talk about this group of institutional investors. they want something different, who are they, what do they want and how loud and vocal will they be? hans: the ones that are opposed will be vocal and loud. here is a statement that hermes -- they control 5%. here is a statement put out late last night with this negative vote against the...
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May 20, 2015
05/15
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the european central bank, same actor there, meeting today in frankfurt on the subject of a greek banks. the official at the ecb will discuss whether they should be tightening rules on quick access to emergency liquidity assistance. just a quick read, stephanie, we all know if they can't sort out -- the situation and grace will hurtle towards -- in that greece will hurtle towards a bad and if they can sort out the vent problem. stephanie: maybe they got to get real. we are very close, really? where #how? we will talk about burberry again after the break on unfavorable currency move and uncertainty in china. it's not like able like trenchcoats, damn currency. is the market in trouble? we will find out, next. ♪ stephanie: burberry is getting burned by currency volatility and an economic slowdown in asia. today, the company lowered its full -- it's for your guidance and they are trading down about 5% today. the question we need to answer is what does this say about the overall health of luxury market? let's ask our own editor of bloomberg luxury. chris, when we look at these numbers out
the european central bank, same actor there, meeting today in frankfurt on the subject of a greek banks. the official at the ecb will discuss whether they should be tightening rules on quick access to emergency liquidity assistance. just a quick read, stephanie, we all know if they can't sort out -- the situation and grace will hurtle towards -- in that greece will hurtle towards a bad and if they can sort out the vent problem. stephanie: maybe they got to get real. we are very close, really?...
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May 20, 2015
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abouta a quarter of china -- the renminbi is being set up in frankfurt and in london. right now there is not that much demand for the renminbi given where the economy is, but everybody knows china is a big economy. it will continue growing. they want the renminbi to play a bigger role, and the markets wanted to. brendan: so it is fair to say that this is a ratification of -- dr. prasad: it is a very nice symbol to have and the chinese understand that. tom: professor, thank you so much for coming. ambassador, thank you for joining us from the council on foreign relations. socgen out with a smart nuanced program note, saying this is all euro-based, much less dollar dynamics and much more urodynamics. 1.1106. you see it with euro-yen as well. stay with us. another hour of "bloomberg surveillance." ♪ tom: ubs barclays, jpmorgan and citigroup combined. emmanuel will plead guilty to criminal charges. say what you will, the stock surges ever higher. india faces the fault lines of a new capitalism, can the model work? good morning everyone, this is "bloomberg surveillance,"
abouta a quarter of china -- the renminbi is being set up in frankfurt and in london. right now there is not that much demand for the renminbi given where the economy is, but everybody knows china is a big economy. it will continue growing. they want the renminbi to play a bigger role, and the markets wanted to. brendan: so it is fair to say that this is a ratification of -- dr. prasad: it is a very nice symbol to have and the chinese understand that. tom: professor, thank you so much for...
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May 19, 2015
05/15
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stake 2 rose 7% in after hours trade and it's up a similar amount today in frankfurt. >> still to come deal or no deal. european leaders at odds with athens over whether a debt agreement was within reach. we tell you more after the short break. hort break. ♪ building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman. >>> welcome back. u.s. futures point higher as the dow and s&p try for a four day winning streak. the euro is on the slide after dovish comments from a board member and banks rush as banks weigh on margins in first quarter earnings. >> the greek situation continues to get more interesting. this time its the austrian finance minister becoming the latest european leader to cast doubt on an imminent deal with athens saying he does not see an agreement in the next few days. this a day after greek finance minister insisted a default and return were not an option. however he said that athens would not reject any nonviable deals. >> there is no one in our government, no one, but no one in our governm
stake 2 rose 7% in after hours trade and it's up a similar amount today in frankfurt. >> still to come deal or no deal. european leaders at odds with athens over whether a debt agreement was within reach. we tell you more after the short break. hort break. ♪ building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman. >>> welcome back. u.s. futures point higher as the dow and s&p try for a four...
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May 18, 2015
05/15
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google, there we go in frankfurt trading down by .6%. >>> investment in technology in the u.k. rose to 2014 much of it came due to technology. join is now is christo carmen. good morning to you. thank you very much for joining us. let's talk about this peer-to-peer currency transfer business which are one of the leaders in. what exactly is your defensible market position? you are offering lower rates but surely the banks can fight back and cut their rates as well? >> they could and they should but they don't. we use a totally different approach in technology. we kind of figured out how to move money between different countries without paying to the banks. so we actually have people in both sides of the transfer. when you send euros to the u.s. for example, we use the money that we collect in the u.s. from our u.s. customers to pay out. therefore, we cut out the entire complexity and inefficiency that the banking sector puts into this market. >> demand for online payments is exploding but consumers still want security. what are you doing to ensure customer's data is safe and sec
google, there we go in frankfurt trading down by .6%. >>> investment in technology in the u.k. rose to 2014 much of it came due to technology. join is now is christo carmen. good morning to you. thank you very much for joining us. let's talk about this peer-to-peer currency transfer business which are one of the leaders in. what exactly is your defensible market position? you are offering lower rates but surely the banks can fight back and cut their rates as well? >> they could...
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May 15, 2015
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the ftse 100 down and the dax in frankfurt down by four in five. right here at the open, stocks higher. happy friday, happy friday then consumer -- the dax down by over 1%. why does the dax care or why should it be concerned? because dollar drops like a stone and the euro pulls a complete u-turn and goes to $1 .14. looking at 157.96 the pound against the dollar. u.s. consumer confidence moving equities, julie over to you. julie: take a look at the three major averages. they are little changed right now. perhaps would be higher if it were not for that number. although after we did see that big rally, up to a record yesterday for the s&p 500. right now financials the biggest drag on the s&p 500 down about a half a percent. limiting any gains we might otherwise see. take a look at bonds as well with the consumer confidence report. the yield on 10-year is falling at this point as we see some buying in the treasury. and you heard jon talk about the dollar. along with those yields, the dollar is going lower and finally or not so finally lyrics i'm going
the ftse 100 down and the dax in frankfurt down by four in five. right here at the open, stocks higher. happy friday, happy friday then consumer -- the dax down by over 1%. why does the dax care or why should it be concerned? because dollar drops like a stone and the euro pulls a complete u-turn and goes to $1 .14. looking at 157.96 the pound against the dollar. u.s. consumer confidence moving equities, julie over to you. julie: take a look at the three major averages. they are little changed...
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May 15, 2015
05/15
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let's take a look at how they're trading up 2% in frankfurt. music streaming has had it's fair share of controversy in recent times but it's not stopped a number of services from popping up and taking on giants such as spotify and pandora. we take a look at the latest app in line. >> there has been no shortage of headlines in the music streaming sector. from jay-z's relaunch of tidal. spotify's 8 billion valuation. streaming of music surged 54% last year while paid downloads of songs declined by 12%. in a trendy night spot in east london we visited an event organized by one of the new kids on the block. artists upload their music and users have the opportunity to listen to the music as a streaming service and virtually invest in artists they think can do well. >> we really hope that it's an alternative streaming platform that artists instead of uploading their music to the platform and maybe earning micropayments from streaming they're given really valuable opportunities. >> unlike the established streaming platforms they aim to cater for the e
let's take a look at how they're trading up 2% in frankfurt. music streaming has had it's fair share of controversy in recent times but it's not stopped a number of services from popping up and taking on giants such as spotify and pandora. we take a look at the latest app in line. >> there has been no shortage of headlines in the music streaming sector. from jay-z's relaunch of tidal. spotify's 8 billion valuation. streaming of music surged 54% last year while paid downloads of songs...
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francine: let's head to frankfurt. he is germany's chief economist. great to have you on the program. what you make of the next couple of weeks? are you going to see volatility? are you worried about what's going to happen with greece? guest: i think we are moving closer to a compromise. this explains why so many germans are afraid of him. i think we are moving to this compromise. the big question is if they are discussing a third bailout package or not. this will be the big issue after having found in immediate compromise. guy: the you think a third deal is possible? we struggled with the second deal. the you think a third deal is in any way feasible? guest: i think a third deal is needed. there is no way around the third deal. it is either a third bailout package or an exit. there is no in between solution. will it be possible? i think it is, but it is going to be tricky. both sides will have to sell it to their publics. the greeks have to sell it at home and explain why there will be monetary -- monitoring. the germans will have to sell it in berli
francine: let's head to frankfurt. he is germany's chief economist. great to have you on the program. what you make of the next couple of weeks? are you going to see volatility? are you worried about what's going to happen with greece? guest: i think we are moving closer to a compromise. this explains why so many germans are afraid of him. i think we are moving to this compromise. the big question is if they are discussing a third bailout package or not. this will be the big issue after having...
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. >> if you're in frankfurt now, keep an eye out for a monkey that looks like that because there is a nationwide hunt for more than a dozen red monkeys that were stole frn a zoo in paris. the zoo director says seven liontamarens and seven others were taken last weekend. they're on loan from brazil. thieves cut through a glass window to steal the animals. they're looking through security footage and an investigation is under way. >>> after more that two decades on the tv show the simpsons, voice actor harry shearer is quitting and taking his version of some of the character including ned flanders, mr. burns, excellent, with him. sheerer is leaving a $14 million offer for the next two seasons because of a contract dispute. sheerer says it's all about his ability to do outside work. here's an interview in which he shows off some of his voice acting skills. >> what is your occupation? >> mogul. >> tell me, if you will, how you feel about your employee, homer simple son. >> who? >> the guy who falls asleep at the safety desk. >> he's one of your drones. >> i believe you're a person who bel
. >> if you're in frankfurt now, keep an eye out for a monkey that looks like that because there is a nationwide hunt for more than a dozen red monkeys that were stole frn a zoo in paris. the zoo director says seven liontamarens and seven others were taken last weekend. they're on loan from brazil. thieves cut through a glass window to steal the animals. they're looking through security footage and an investigation is under way. >>> after more that two decades on the tv show the...
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May 14, 2015
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why are you going to set up a business in new york, when you can go set up in singapore or frankfurt to a 30% discount to where it was a year ago. i think every american worker basically got 20% to 30% more expensive over the past year when the dollar index rallied. >> this is great. since we're doing a rapid fire on solving all the puzzles that are out there. explain to me the ten-year and what is going on there and why in this environment when i've been chronicling weaker economic growth. gone from a first quarter gdp our wrap it up date was almost 3%. and now it's minus 0.7 or 0.8 and why in that environment are you prizing? >> really weak data and every bond trader scratches their head and says, that doesn't make any sense. the real story coming from europe. we had bund yields the ten-year german yield at basically zero and then something funny happened. qe got announced. everybody was long and we had this big sell-off. now we got to 80 basis points. that large selloff has been dragging all bond markets with it including the u.s. bond market. this is exactly what happened after q
why are you going to set up a business in new york, when you can go set up in singapore or frankfurt to a 30% discount to where it was a year ago. i think every american worker basically got 20% to 30% more expensive over the past year when the dollar index rallied. >> this is great. since we're doing a rapid fire on solving all the puzzles that are out there. explain to me the ten-year and what is going on there and why in this environment when i've been chronicling weaker economic...
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we're down by around 1.3% in frankfurt frankfurt. cisco beat forecasts as demand offset sluggish spending by tele telecom customers. revenue rose above 5%. the fourth quarter outlook is in line with analyst estimates and if you just look at shares we were up about 1% in after hours trade but the stock down about .2%. cisco's ceo stepping down in july also dispelling rumors the company bid $9 billion for cyber security firm fireeye. >> let's have a look at shake shack which reported a surprise first quarter profit. the first set of earnings since it's ipo. the burger chain posting better than expected revenue as same store sales rose nearly 12%. well above forecast of 5%. also raising it's revenue outlook. shares rising around 9% in after hours trade. >> let's get you a run down of what to watch this trading day. weekly jobless claims out at 8:30 a.m. eastern. expected to rise modestly but still holding at levels that suggest the labor market is improving. they aren't expecting to change. after the close we hear from applied materials
we're down by around 1.3% in frankfurt frankfurt. cisco beat forecasts as demand offset sluggish spending by tele telecom customers. revenue rose above 5%. the fourth quarter outlook is in line with analyst estimates and if you just look at shares we were up about 1% in after hours trade but the stock down about .2%. cisco's ceo stepping down in july also dispelling rumors the company bid $9 billion for cyber security firm fireeye. >> let's have a look at shake shack which reported a...
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an area called the frankfurt junction. >> locals call the frankfu junction, a notorious curve on the rails. at least seven people killed in the crash iluding u.s. naval academy midshipman, justin zemser, and jim gaines, a software architect. he was 48. hospitals treated 200 people. many hurt when other people or objects fell on top of them. >> this huge red suitcase just came flying at me. our train was actually on its side. so it pushed me on to the side of the train. and it hit my chest. i think i have a few fractured ribs. >> jason carol, cnn, philadelphia. >> there are more dramatic stories of survivals and the very latest developments in the investigation on our web site, that's at cnn.com. >>> persian gulf leaders are in the united states to talk about upgrading the original security. the foreign ministers of the gulf cooperation council are meeting with officials in washington as well as at president obama's retreat at camp david. >> leaders acknowledge they will get everything whey want from the u.s. the countries who will receive more weapons and training from the u.s. after
an area called the frankfurt junction. >> locals call the frankfu junction, a notorious curve on the rails. at least seven people killed in the crash iluding u.s. naval academy midshipman, justin zemser, and jim gaines, a software architect. he was 48. hospitals treated 200 people. many hurt when other people or objects fell on top of them. >> this huge red suitcase just came flying at me. our train was actually on its side. so it pushed me on to the side of the train. and it hit my...
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an area called the frankfurt junction. locals call the frankfurt junction a notorious curve out here on the rails. the speed limit in this area just 15 miles per hour. at least seven people killed in the crash including u.s. naval academy midshipman, and an associated press video software architect. he was 4. hospitals treated more than 200 people. many of them hurt when other people or objects fell on top of them. >> this huge red suitcase came flying at me. our train was actually on its side. so it pushed me on to the side of the train. and it hit my chest. i think i have a few fractured ribs. >> cnn's jason carol reporting thchlt i want to bring in cnn's samuel burke, live at the crash site and has the very latest for us. samuel, it is just after 2:00 in the morning there in philadelphia. talk to us about what its happening at the crash site at this early hour. tell us also, about the removal of these cars, most of the train cars have been removed from the crash site haven't they? what do investigators hope to learn fro
an area called the frankfurt junction. locals call the frankfurt junction a notorious curve out here on the rails. the speed limit in this area just 15 miles per hour. at least seven people killed in the crash including u.s. naval academy midshipman, and an associated press video software architect. he was 4. hospitals treated more than 200 people. many of them hurt when other people or objects fell on top of them. >> this huge red suitcase came flying at me. our train was actually on its...
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May 13, 2015
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to new york city when it reached the frankfurt junction in philadelphia. that's right where seven cars, including the engine left the tracks ending up on their sides or even ripped apart. john terrett is live for us in port richmond, this morning. we understand authorities just wrapped up a press conference. what did they have to say? >> well, morgan, good morning from philadelphia. this is the story of amtrak regional train number 188 which last night left on schedule from washington d.c. after 7:00. it was due in around 10:34. it never made it, got as far as just north of philadelphia here in the city of philadelphia and the numbers overnight make for some pretty grim reading. five confirmed fatalities, 130 people sent to hospital, six of them we are told are critical. according to the mayor of philadelphia, this is a disastrous mess. he said it's the worst thing he's ever seen. that news conference you were referring to took place a few moments ago at temple university hospital. here is dr. herbert curbing the chief medical severe with those that they a
to new york city when it reached the frankfurt junction in philadelphia. that's right where seven cars, including the engine left the tracks ending up on their sides or even ripped apart. john terrett is live for us in port richmond, this morning. we understand authorities just wrapped up a press conference. what did they have to say? >> well, morgan, good morning from philadelphia. this is the story of amtrak regional train number 188 which last night left on schedule from washington...
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nbc website with this story this morning -- another deadly train derailment happened at frankfurt junction 71 years ago. frankford junction -- frank ford junction. they have seen -- devastation before. host: yesterday's derailment saw six dead and 140 plus hurt after the train derailed in philadelphia. sorry, we are going to have to end the conversation, but obviously, more to come on what happened in philadelphia last night. that doesn't for today's "washington journal." thank you for watching and we will be back in tomorrow morning at 7:00 a.m. eastern time. we will bring you live coverage of the house.
nbc website with this story this morning -- another deadly train derailment happened at frankfurt junction 71 years ago. frankford junction -- frank ford junction. they have seen -- devastation before. host: yesterday's derailment saw six dead and 140 plus hurt after the train derailed in philadelphia. sorry, we are going to have to end the conversation, but obviously, more to come on what happened in philadelphia last night. that doesn't for today's "washington journal." thank you...
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in frankfurt down by almost 2%. to round things out, the main embassies off by 1% as well. you can get doomsday scenario when european equities but it is was considering the stoxx 600 is still up 16% for 2015. remarkable gains and they will come back a little bit. the route to the equity market and capitalists of that is right here with fixed income. here it is in europe -- spain, france, berlin, the headline -- bond yields go higher again by seven basis points and 0.68%. equities selling off and bond selling off. the euro getting a little bit stronger. .8 of 1%.another it has been about the weaker dollar and you see that on cable as well. i will bring up sterling, higher, 156 61 and up one point -- .5 of 1%. ahead of the quarterly inflation report from the bank of england tomorrow. back to you. asia, sharesght in dropped in tokyo for a second day as more and less suspended coverage following an investigation into improper accounting practices. david ingles has much more. shares andtoshiba seven banks have stopped coverage of the stock for the meantime. they say they will w
in frankfurt down by almost 2%. to round things out, the main embassies off by 1% as well. you can get doomsday scenario when european equities but it is was considering the stoxx 600 is still up 16% for 2015. remarkable gains and they will come back a little bit. the route to the equity market and capitalists of that is right here with fixed income. here it is in europe -- spain, france, berlin, the headline -- bond yields go higher again by seven basis points and 0.68%. equities selling off...
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you have to trade under those regulatory regimes regardless of whether you are domiciled in paris, frankfurt, or london. francine: think you so much. we will talk about russia next. guy: up next, "the pulse," john kerry prepares for his first meeting with vladimir putin. the first time these two sat down in two years. ♪ francine: welcome back to "the pulse," streaming on your tablet, phone, and delivered.com. -- on blooomberg.com. guy: ryan chilcote joins us more -- with more. ryan: according to "the wall street journal," he has just arrived in sochi. there is a very good joke. the secretary of state going to customers is asked for his name. he says "john kerry." he is asked occupation. he says, "yes, it is, stop lying." a joke to the annexation of ukraine. first talks since the ukraine conflict began. the reason there has been no talks and the relationship has been so frosty is because of ukraine. u.s. officials telling us they are concerned another offensive is in the cards. the russian backed rebels could push to the south or even to the north. so, concern remains. but what john kerry w
you have to trade under those regulatory regimes regardless of whether you are domiciled in paris, frankfurt, or london. francine: think you so much. we will talk about russia next. guy: up next, "the pulse," john kerry prepares for his first meeting with vladimir putin. the first time these two sat down in two years. ♪ francine: welcome back to "the pulse," streaming on your tablet, phone, and delivered.com. -- on blooomberg.com. guy: ryan chilcote joins us more -- with...
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that is similar to what has been done in frankfurt, and in paris. we've made that offer for insulation not just the people who will be newly affected by noise, but the people in the existing flightpath. there's a real benefit to all people who currently live around the airport. manus: the current intake at westminster all the voices that cause a ceo like you to throw your head in your hands. you got boris johnson. he is a vociferous voice against you. zac goldsmith, just of the southwest of london, he is not for you. this is a cabal of anti-heathrow voices. are you concerned about the complexion of the tories that are in power? john: not actually. we always said that we would need cross party support whatever the decision. this is a question of national importance. we need to see it in that context. what heathrow expansion can offer is keeping britain at the heart of the global trading network. britain has been one of the great trading powers for centuries. that position is put at risk by not expanding heathrow. we can see already, we are missing ou
that is similar to what has been done in frankfurt, and in paris. we've made that offer for insulation not just the people who will be newly affected by noise, but the people in the existing flightpath. there's a real benefit to all people who currently live around the airport. manus: the current intake at westminster all the voices that cause a ceo like you to throw your head in your hands. you got boris johnson. he is a vociferous voice against you. zac goldsmith, just of the southwest of...
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down 1.6% in frankfurt. george what do you think, ten years from now will we look at tesla is more of a utility battery company than an auto player. >> from a personal perspective i hope it's still an auto player because i'm an auto's analyst rather than a utility analyst but he did make it clear that at this point in time the priority very much cars and although some of the capacity will be dedicated toward the utility products he was saying it would be about 30%. >> so help us understand how big of an opportunity is this battery production tesla power. >> in terms of what we know when we think about tesla's capacity an where they're going to price the product we estimate it could be up to a $5.8 billion revenue business for them which would fall down to around $5 a share. >> but this has to require a significant amount of investment to really get this battery production going. how much will that weigh on future profitability? >> in terms of the investment they're in a position now to start to sell the pack
down 1.6% in frankfurt. george what do you think, ten years from now will we look at tesla is more of a utility battery company than an auto player. >> from a personal perspective i hope it's still an auto player because i'm an auto's analyst rather than a utility analyst but he did make it clear that at this point in time the priority very much cars and although some of the capacity will be dedicated toward the utility products he was saying it would be about 30%. >> so help us...
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the ecb is meeting in frankfurt and greece likely to be discussed. there wonlt't be a decision until the next meeting and they will appear together on a panel in washington. the discussion topic as you would imagine, finance in society. >> and yesterday we talked a lot about the dow has a couple of rough days. it's down for the year. we're having trouble making headway and yesterday i was watching apple and not -- as apple goes so goes the dow, that's not quite true but when apple has a rough session the markets, the nasdaq and the dow has tough sessions down to 724. >> that's a key stock to watch and key area. many stocks to watch this morning including sales force. those shares getting a bump on a report that microsoft now was evaluating a bid for the cloud software provider but the two are not said to be in talks and no deal is believed imminent. the stock jirs fumpedfirst jumped on a report that they were working with advisors to help it field offers after being approached by a potential buyer. there was the big four microsoft, oracle google and
the ecb is meeting in frankfurt and greece likely to be discussed. there wonlt't be a decision until the next meeting and they will appear together on a panel in washington. the discussion topic as you would imagine, finance in society. >> and yesterday we talked a lot about the dow has a couple of rough days. it's down for the year. we're having trouble making headway and yesterday i was watching apple and not -- as apple goes so goes the dow, that's not quite true but when apple has a...
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thank you so much from athens and frankfurt. francine: we'll discuss how a possible approach by microsoft is generating new interest in salesforce.com. stay with us. >> bloomberg television is brought to you by servpro,. francine: welcome back to "the pulse" live on bloomberg tv and bloomberg.com and streaming on the ipad. and they're weighing a bid. the interest has been sparked as a software pioneer. elliot has the latest. how likely is it that it will go through? elliot: we don't know at this stage. what seems to have happened is the approaches from other companies to salesforce.com which we understand has retained the services of two investment banks has plushed out at least the thought of microsoft who may come along and try and get ahold of salesforce to boost their cloud computing division. it's the early stage and microsoft is just weighing out the possibility of doing a and aren't in discussions but the salesforce.com is worth $50 billion and just shy of that is in play. guy: in terms of why the deal would be done, you
thank you so much from athens and frankfurt. francine: we'll discuss how a possible approach by microsoft is generating new interest in salesforce.com. stay with us. >> bloomberg television is brought to you by servpro,. francine: welcome back to "the pulse" live on bloomberg tv and bloomberg.com and streaming on the ipad. and they're weighing a bid. the interest has been sparked as a software pioneer. elliot has the latest. how likely is it that it will go through? elliot: we...
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that will be something that is debated today in frankfurt. it is a thorny issue. we may not get a decision today but we will get a lot of talking. manus: thanks for your take on that. the ela may indeed be reduced rather than increased. thank you very much, gentlemen. mark: two days until voters head to the polls. let's go to anna edwards in westminster. what happens then on this last day of campaigning? anna: good morning to you. the last day of campaigning, and the challenge for these parties is to get around a number of seats. a number of them are traveling the length and breadth of the country to shore up those constituencies. tomorrow, 650 mps will be elected eventually to the house of commons in the seats behind me. the polls aren't giving us any clues. we still have the conservatives and the labour party you can you can the polls. the ashcroft pull puts the conservatives a couple percentage points ahead but that is not very material. some of the spread bets are giving us interesting calls. forecasts that more seats will go to the tories, and some computer m
that will be something that is debated today in frankfurt. it is a thorny issue. we may not get a decision today but we will get a lot of talking. manus: thanks for your take on that. the ela may indeed be reduced rather than increased. thank you very much, gentlemen. mark: two days until voters head to the polls. let's go to anna edwards in westminster. what happens then on this last day of campaigning? anna: good morning to you. the last day of campaigning, and the challenge for these parties...
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jay: read and the frankfurt leaving oversaturation in terms of outlet stores online, internationally, and they covered every category. michael kors coming on as a strong competitor. i think they are realizing a designer brand is gone. segmenting your business and thinking you have to expand. betty: wiseman -- jay: he has been there a long time. this would seem to me to be a brand of how far can it really go and how the canopy relative to coach's size? i don't understand it totally. betty: for coach it was about a lifestyle brand. julie: you know, as jay says, it is hard to see what they really bring. betty: not recommending this but one of -- one retail investor says if you are looking for a short, and coach is the short and retail. julie: still? betty: number seven, if you work in sales you are not happy with take-home pay. bls shows that compensation for private-sector workers has strengthened in the first day months of the year, but sales of jobs and cashiers represent almost one quarter of that growth. people in sales got nearly a 5% raise with two thirds of non-sale workers on av
jay: read and the frankfurt leaving oversaturation in terms of outlet stores online, internationally, and they covered every category. michael kors coming on as a strong competitor. i think they are realizing a designer brand is gone. segmenting your business and thinking you have to expand. betty: wiseman -- jay: he has been there a long time. this would seem to me to be a brand of how far can it really go and how the canopy relative to coach's size? i don't understand it totally. betty: for...
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charter and time warner cable, take a look at how they are trading in frankfurt. >>> adedas seems to have its sneakers on. speaking to a german newspaper, herbert haner added it would not sell its rebok brand. >> reporter: if you look at what analysts are expecting, it's quite a stellar first quarter. the mean analyst expectation for a net profit in the first quarter are actually up 14% to 232 million euros and also sales are expected to rise by roughly 11%. so what has happened last year the company had a series of profit warnings. there were calls for the ceo to resign but now they have stepped out in that interview saying that he actually sort of was responded to the criticism like an athlete who is not fit, going back to the boot camp and now coming back with a company who is actually fit for purpose. he's also reiterating that they don't have any plans to sell the rebok brand as it is now actually performing very well. they have been through that whole restructuring process and there's no reason to sell rebok whatsoever. watch out for great numbers from add did i das. >> for now
charter and time warner cable, take a look at how they are trading in frankfurt. >>> adedas seems to have its sneakers on. speaking to a german newspaper, herbert haner added it would not sell its rebok brand. >> reporter: if you look at what analysts are expecting, it's quite a stellar first quarter. the mean analyst expectation for a net profit in the first quarter are actually up 14% to 232 million euros and also sales are expected to rise by roughly 11%. so what has happened...
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police in germany have canceled an international cycle race that was due to take place in frankfurt today because of fears of a terrorist attack. islamic extremists were arrested on wednesday after weapons were found in their apartment. jenny hill reports on what was found. jenny: this, police suspect, was the plan target of a major terror attack. the annual cycle raised the tracks -- cycle race attracts locals and foreigners from all of the world. there would have been thousands of spectators. >> i can understand the police's decision entirely and i am glad that someone made the decision not to take any risks because in that decision it is the right thing not to endanger human life. yes, i think it was absolutely the right decision. jenny: here is why police took that decision. when they raided this nearby apartment, they found a pipe bomb weapons, and chemicals used to make explosives. the men and women who live here have been under surveillance for weeks. they used fake id to buy leaders of a chemical used in bomb making. -- to buy liters of a chemical used in bomb making. the man link
police in germany have canceled an international cycle race that was due to take place in frankfurt today because of fears of a terrorist attack. islamic extremists were arrested on wednesday after weapons were found in their apartment. jenny hill reports on what was found. jenny: this, police suspect, was the plan target of a major terror attack. the annual cycle raised the tracks -- cycle race attracts locals and foreigners from all of the world. there would have been thousands of spectators....